Services

NEWS FLASH

UPCOMING WEBINAR - ARGENTINA: UPCOMING TRIGGERS AND REMAINING CONCERNS...

Learn More

COUNTRY INSIGHTS

Economy in 2018, in pictures
TURKEY · Report · 28 Dec 2018

• We have decided to revive an old tradition of ours in this final report of the year, that of looking at the economics of the full year, (mostly) in pictures -- hoping that you’ll find it useful. • Needless to say, 2018 was a very tough year especially for Turkey, as an emerging market-unfriend...

Ending 2018 with confidence
INDONESIA · Report · 28 Dec 2018

The month of December 2018 is set to end with greater confidence. Indonesian President Joko Widodo inaugurated the last stretches of the Trans Java toll road on December 20, 2018, and on the following day holiday travelers started to utilize the road happily. Many Indonesians celebrate Christmas ...

Russian toll system operator to receive USD 1.75 Billion
RUSSIA / FSU POLITICS · In Brief · 28 Dec 2018

On 20 December it was announced that Platon, the Russian toll system operator, will receive USD 1.75 Billion from now to 2024. Platon organizes the charges for trucks to use the roads and then ploughs the money into road maintenance. Platon is administered through RT Invest Transport Systems. It ...

COSTA RICA: Two cheers for fiscal reform
CENTRAL AMERICA · Report · 27 Dec 2018

Costa Rica’s significant political step, of congressional approval of the fiscal reform package, has generated mixed results. It brought some calm and lowered uncertainty, by building up confidence in the political system’s capacity to make decisions, even when unpopular measures are required. In...

2019-2020 Outlook: Disorderly default
VENEZUELA · Forecast · 27 Dec 2018 · 2 responses

In our 2019–2020 central scenario, Venezuela’s economy remains in a deep hole and the external deficit opens so wide that something has to give, though we don’t know what that will be. Venezuela is already going through a disorderly default on its external debt, even if so far it has occurred in ...

Consumption dips as growth hits new low
CHINA · Report · 26 Dec 2018

Top leaders’ annual Central Economic Work Conference, held from December 19th to 21st, set countering the ongoing growth downturn as its main 2019 goal for the economy. Leaders pledged to cut taxes and fees “on a greater scale;” to increase the issuance of local government bonds by “a relatively...

Politics: Discontent with 2019 budget grows
MEXICO · Report · 26 Dec 2018

Given the absence of any significant tax changes, the revenue side of President López Obrador’s 2019 budget proposals has not attracted much controversy. But the government’s commitment to cap tax rates, expand the primary surplus and pursue costly new social programs led it to make deep cuts els...

Economics: Budget search for credibility lost
MEXICO · Report · 26 Dec 2018

The new government’s 2019 budget package includes relatively credible economic and financial assumptions underpinning a relatively austere budget proper as evidenced by a low fiscal deficit as the new government proposes some deep spending cuts to make room for its ambitious social policy agenda....

Official date confirm our estimations of deceleration
PANAMA · Report · 26 Dec 2018

According to data published by the Comptroller's General Office last week, real GDP grew 3.6% in Q3 and 3.6% from January to September. In YTD terms, growth was driven by transportation and communications, commerce, health and social services, realty and services to business, financial intermedia...

US withdrawal from Afghanistan has pros and cons for Russia
RUSSIA / FSU POLITICS · In Brief · 25 Dec 2018

Trump's 22 December announcement that he will withdraw most troops from Afghanistan is good news for Russia. Its influence in Russia will be enhanced. Former USSR countries in Central Asia will be even more heavily reliant on Russia than before to help them against ISIS and the Taleban now that t...

Low inflation and elevated global risks support rate stability in January
ISRAEL · Report · 24 Dec 2018

Highlights: * Housing starts have slowed this year to an annual pace of 46k units. - On the other hand residential completions have accelerated. - Increasing completions is likely to have a moderating impact on housing rental prices (increasing housing inventory). - Our inflation foreca...

Essential CIS Politics: December 2018
RUSSIA / FSU POLITICS · Report · 24 Dec 2018

Russia vows to restrict NATO warships in Arctic Ocean - On November 30 Russia promised to limit the movement of warships from NATO countries in the Arctic Ocean. This ocean to the north of Russia is of strategic importance. Goods and exported from Russia and imported to Russia via this route. Glo...

US pulling out of Syria strengthens Russia
RUSSIA / FSU POLITICS · In Brief · 24 Dec 2018

Trump announced that the US is withdrawing from Syria. This is largely welcome news in Russia since the Americans sometimes bombed Russia's Syrian allies. On the other hand the US help against ISIS was sometimes useful and Russia now has considerable responsibility, with Iran the other major back...

The European Commission is finally paying its dues, creating abundant liquidity for the government
HUNGARY · In Brief · 23 Dec 2018

Although neither the government, nor the European Commission are specifically saying so, the publicly available cohesion policy data of the latter make it clear that the EU Commission has just paid very substantial amounts of transfers due to Hungary. Our own estimates show the payments, in Decem...

Putin's annual press conference has only tepid good news
RUSSIA / FSU POLITICS · In Brief · 22 Dec 2018

President Putin held his annual marathon press conference. There was little good news to report. Wages have increased 0.4% YoY - that was the best statistic to report. The president said ''Russia needs a breakthrough'' but did not suggest how this would happen. President Poroshenko of Ukraine was...

Copyright 2024 GlobalSource Partners. All rights reserved.